South Australian Consolidated Acts

ASSOCIATIONS INCORPORATION ACT 1985 - SECT 25

25—Powers of an incorporated association

For the purpose of carrying out its objects, an incorporated association may, subject to this Act and its rules—

            (a)         acquire, hold, deal with, and dispose of, any real or personal property; and

            (b)         administer any property on trust; and

            (c)         open and operate ADI accounts; and

            (d)         invest its moneys—

                  (i)         in any security in which trust moneys may, by Act of Parliament, be invested; or

                  (ii)         in any other manner authorised by the rules of the association; and

            (e)         borrow money upon such terms and conditions as the association thinks fit; and

            (f)         give such security for the discharge of liabilities incurred by the association as the association thinks fit; and

            (g)         appoint agents to transact any business of the association on its behalf; and

            (h)         enter into any other contract it considers necessary or desirable.